The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRed Rock Resources Regulatory News (RRR)

Share Price Information for Red Rock Resources (RRR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0475
Bid: 0.045
Ask: 0.05
Change: 0.00 (0.00%)
Spread: 0.005 (11.111%)
Open: 0.0475
High: 0.0475
Low: 0.0475
Prev. Close: 0.0475
RRR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Australian Gold Joint Venture - Operational Update

8 Jul 2020 14:30

RNS Number : 4332S
Red Rock Resources plc
08 July 2020
 

Red Rock Resources PLC

("Red Rock" or the "Company")

 

Australia Gold JV - Operational Progress Update

 

8 July 2020

 

Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and other minerals, is pleased to announce an update on its joint venture subsidiary Red Rock Australasia Pty Ltd ("JV" and "RRAL").

Highlights:

OreTeck Mining Solutions of Melbourne, Victoria are currently finalising a "Geological Review and Development of Exploration Strategy" on the exploration license areas.

· Caracle Creek Chile SpA has been appointed to produce a National Instrument 43-101 Technical Report in respect of the gold tenements comprising eleven licence applications by RRAL covering 1,839 sq km in the Victoria Goldfields, Australia (the 'Project').

• RRAL has applied for a further small 4 sq km gold exploration license, EL007385, to be named the Sardinia prospect, filling a gap adjacent to EL007282.

· RRAL has set up a Technical Advisory Board including Victoria-based geologists to advise and co-ordinate on technical matters in connection with a possible listing and has appointed initial members.

Red Rock Chairman Andrew Bell comments:

"RRAL is progressing its understanding of the gold tenements in Victoria Australia and the appointments of OreTeck and Caracle Creek Chile SpA, and the formation of a Technical Advisory Board, are important steps in that process.

The NI 43-101 report is an essential precursor of any decision to list the RRAL assets.

RRAL is gathering data into a historical exploration database across the application areas and the full report will be reported when received".

Further Information:

Sardinia Project is located 15 km north-west of Daylesford and covers an area of 4 sq km. It adjoins EL007282, the Blue Sky Project, also applied for by RRAL.

 

Historic reports available on the Geovic database (principally Highlake Exploration Ltd report on EL 3461, Nov 1994) note discovery of the Sardinia Reef in 1860, and report that 50 oz per ton was obtained from the first crushing, and that five nuggets of 124 oz to 750 oz discovered locally are thought to be from the alluvial or possibly eluvial workings on the license. The report states that the reef does not appear to have been worked below the water table at approximately 27m.

Although RRAL recently announced that it did not expect to lodge further ground applications, this small area contiguous to and on trend from existing RRAL applications became available and is of exploration interest.

 

RRAL is a joint venture company 50.1% owned by Red Rock and 49.9% by POW. Paul Johnson, CEO of POW, and Andrew Bell, Red Rock and POW Chairman, are directors of RRAL.

 

The JV license application areas of RRAL in Victoria cover 1,839 sq km in the Goldfields area.

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 

For further information, please contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Mark Treharne 0203 700 2500 Broker Pello Capital Limited

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDUPUAUMUPUGWR
Date   Source Headline
31st Dec 20209:41 amRNSFinal Results
31st Dec 20207:00 amRNSTotal Voting Rights
30th Dec 20202:05 pmRNSSecond Price Monitoring Extn
30th Dec 20202:00 pmRNSPrice Monitoring Extension
23rd Dec 20206:12 pmRNSHolding(s) in Company
22nd Dec 20204:50 pmRNSIssue of Equity and Total Voting Rights
21st Dec 20208:20 amRNSJupiter Mines Q3 and iron ore Spin Off update
21st Dec 20207:00 amRNSRight to acquire loans and arbitration funding
18th Dec 202012:28 pmRNSIssue of Equity and Total Voting Rights
14th Dec 20204:40 pmRNSIssue of Equity and Total Voting Rights
11th Dec 20202:05 pmRNSSecond Price Monitoring Extn
11th Dec 20202:00 pmRNSPrice Monitoring Extension
11th Dec 202011:05 amRNSSecond Price Monitoring Extn
11th Dec 202011:00 amRNSPrice Monitoring Extension
9th Dec 20207:00 amRNSOperations update
1st Dec 202011:30 amRNSTotal Voting Rights
20th Nov 202012:21 pmRNSLuanshimba, DRC Geophysics Programme begins
18th Nov 20207:00 amRNSIssue of Shares, Warrants, update on Kenya and TVR
10th Nov 20207:00 amRNSAustralian Gold Joint Venture Update
6th Nov 20202:30 pmRNSAustralian Gold Joint Venture Update
30th Oct 20205:31 pmRNSTotal Voting Rights
29th Oct 20207:00 amRNSUpdate: Kenya
28th Oct 20207:48 amRNSJupiter Mines dividend and half year results
12th Oct 202011:55 amRNSSummary - Key Projects
28th Sep 202010:40 amRNSFinancing to raise £1,000,000
25th Sep 20207:00 amRNSUpdate
23rd Sep 20209:05 amRNSSecond Price Monitoring Extn
23rd Sep 20209:00 amRNSPrice Monitoring Extension
22nd Sep 20207:00 amRNSAustralia JV - NI43-101 Report Received
16th Sep 20203:00 pmRNSRed Rock Australasia - additional project reports
11th Sep 20202:05 pmRNSSecond Price Monitoring Extn
11th Sep 20202:00 pmRNSPrice Monitoring Extension
7th Sep 20203:42 pmRNSUpdate on Jupiter Mines
7th Sep 20207:00 amRNSOption over Slovak Gold Assets
2nd Sep 20204:35 pmRNSPerformance Option Award Update
1st Sep 202011:05 amRNSSecond Price Monitoring Extn
1st Sep 202011:00 amRNSPrice Monitoring Extension
27th Aug 202011:00 amRNSRed Rock Australasia - New License Application
24th Aug 20207:00 amRNSPerformance options and directors' shareholdings
19th Aug 20201:00 pmRNSRed Rock Australasia - Update - Historical Reports
18th Aug 20202:05 pmRNSSecond Price Monitoring Extn
18th Aug 20202:00 pmRNSPrice Monitoring Extension
17th Aug 20204:41 pmRNSSecond Price Monitoring Extn
17th Aug 20204:36 pmRNSPrice Monitoring Extension
17th Aug 20207:00 amRNSUpdate on COVID-19 Impact and Licensing
10th Aug 202011:44 amRNSHolding(s) in Company
5th Aug 20204:41 pmRNSSecond Price Monitoring Extn
5th Aug 20204:36 pmRNSPrice Monitoring Extension
27th Jul 202011:05 amRNSSecond Price Monitoring Extn
27th Jul 202011:00 amRNSPrice Monitoring Extension

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.